HomeMy WebLinkAbout2015-03-23 15-110 ORDERCOUNCIL ACTION
Item No. 15-110
Date: March 23, 2015
Item/Subject: ORDER, Approving An Amendment to a Lease Agreement with JSI
Store Fixtures, Inc. (Tax Map R09 -007-D)
Responsible Department: Community & Economic Development
Commentary: This Order will authorize the execution of an amendment to a Lease with JSI
Store Fixtures, Inc. at 110 Hildreth St. JSI will expand the amount of building space leased;
extend the lease term to December 31, 2016; increase the lease amount; and increase the pro
rata share of occupancy costs by the percentage of leased area. All other terms and conditions
will remain the same. This item was reviewed and recommended for approval by the Business &
Economic Development Committee at its March 17, 2015 meeting.
Tanya Emery
Department Head
Manager's Comments:
City Man r
Associated Information: Order
Budget Approval:
Finance Director
Legal Approval:
City Solicitor
Introduced for
X Passage
First Reading
Page _ of
Referral
Assigned to Councilor Baldacci
CITY OF BANGOR
15-11.0
MARCH 23, 2015
(TITLE.) ORDER, Approving An Amendment to a Lease Agreement with JSI Store
Fixtures, Inc. (Tax Map R09 -007-D)
WHEREAS, JSI Store Fixtures, Inc. has leased space at 110 Hildreth St., Bangor since
December, 2013; and
WHEREAS, JSI Store Fixtures, Inc., would like to expand its leased area; and
WHEREAS, JSI Store Fixtures, Inc.'s growth is creating new employment
opportunites:
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
the City Manager is authorized to execute an amendment to a lease agreement with JSI
Store Fixtures, Inc. which will expand the amount of building space leased; extend the
term to December 31, 2016; increase the lease amount; and increase the pro rata
share of occupancy costs by the percentage of leased area. All other terms and
conditions will remain the same.
IN CITY COUNCIL
MARCH 23, 2015
PASSED
AJ
CITY CLERK